Herreid Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 107,848 | 17,822 | 90,026 | 399.4 | 0% |
| 2021 | 13,838 | 13,245 | 593 | 538.1 | 0% |
| 2022 | 16,900 | 23,438 | −6,538 | 300.6 | 0% |
| 2023 | 17,212 | 56,248 | −39,036 | 116.9 | 0% |
In its most recent public year (2023), this organization spent $39,036 more than it brought in. Its reserves stood at about 116.9 months of spending, down from 399.4 in 2020. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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